Touchstone Large Correlations

DSMLX Fund

USD 64.89 0.14 0.22%

The current 90-days correlation between Touchstone Large Pany and Tweedy Browne Global is 0.22 (i.e., Modest diversification). The correlation of Touchstone Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Touchstone Large Correlation With Market

Good diversification

The correlation between Touchstone Large Pany and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Touchstone Large Pany and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Touchstone Large Pany. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Touchstone Mutual Fund

0.78	TEGCX	Touchstone Sands Capital	Pair Corr
0.9	TEGAX	Mid Cap Growth	Pair Corr
0.91	TEGIX	Mid Cap Growth	Pair Corr
0.91	TEGYX	Mid Cap Growth	Pair Corr
0.61	TFFCX	Touchstone Focused	Pair Corr
0.79	SBACX	Sentinel Balanced	Pair Corr
0.78	CFSIX	Touchstone Sands Capital	Pair Corr
0.78	TGVCX	Growth Opportunities	Pair Corr
0.78	TGVFX	Growth Opportunities	Pair Corr
0.78	TGVYX	Growth Opportunities	Pair Corr
0.84	TGVVX	Growth Opportunities	Pair Corr
0.77	SEBLX	Sentinel Balanced	Pair Corr
0.72	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Touchstone Mutual Fund

0.69	SSSGX	Sentinel Low Duration	Pair Corr
0.5	TVOYX	Touchstone Small Cap	Pair Corr
0.39	SAGWX	Sentinel Small Pany	Pair Corr
0.36	TFGRX	Touchstone Mid Cap	Pair Corr
0.6	TICSX	Touchstone Small Pany	Pair Corr
0.5	THIYX	High Yield Fund	Pair Corr
0.47	THYAX	High Yield Fund	Pair Corr
0.47	THYYX	High Yield Fund	Pair Corr
0.44	THYCX	High Yield Fund	Pair Corr
0.31	SWRLX	Sentinel International	Pair Corr

Related Correlations Analysis

	TBCUX	HOOSX	EPVIX	DNINX	ACTIX	TPVIX	WAMFX	TASCX	ATESX	SCUIX
TBCUX		-0.79	-0.34	-0.3	0.17	0.5	0.68	-0.02	0.59	0.85	TBCUX
HOOSX	-0.79		0.59	0.74	0.23	-0.35	-0.45	0.43	-0.44	-0.55	HOOSX
EPVIX	-0.34	0.59		0.44	0.21	0.1	0.03	0.5	-0.56	-0.12	EPVIX
DNINX	-0.3	0.74	0.44		0.24	-0.36	-0.18	0.69	-0.03	-0.04	DNINX
ACTIX	0.17	0.23	0.21	0.24		0.28	0.16	0.14	0.15	0.25	ACTIX
TPVIX	0.5	-0.35	0.1	-0.36	0.28		0.54	0.01	0.07	0.47	TPVIX
WAMFX	0.68	-0.45	0.03	-0.18	0.16	0.54		0.11	0.45	0.67	WAMFX
TASCX	-0.02	0.43	0.5	0.69	0.14	0.01	0.11		-0.25	0.34	TASCX
ATESX	0.59	-0.44	-0.56	-0.03	0.15	0.07	0.45	-0.25		0.44	ATESX
SCUIX	0.85	-0.55	-0.12	-0.04	0.25	0.47	0.67	0.34	0.44		SCUIX
	TBCUX	HOOSX	EPVIX	DNINX	ACTIX	TPVIX	WAMFX	TASCX	ATESX	SCUIX

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SCUIX	+ 0.85	TBCUX
DNINX	+ 0.74	HOOSX
TASCX	+ 0.69	DNINX
WAMFX	+ 0.68	TBCUX
SCUIX	+ 0.67	WAMFX
ATESX	+ 0.59	TBCUX

High negative correlations

HOOSX	- 0.79	TBCUX
ATESX	- 0.56	EPVIX
SCUIX	- 0.55	HOOSX
WAMFX	- 0.45	HOOSX
ATESX	- 0.44	HOOSX
TPVIX	- 0.36	DNINX

Risk-Adjusted Indicators

There is a big difference between Touchstone Mutual Fund performing well and Touchstone Large Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Touchstone Large's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TBCUX	0.60	(0.11)	0.00	(0.25)	0.00	0.00	0.87	(1.09)	8.26
HOOSX	1.08	0.19	0.21	0.17	0.73	(1.21)	1.98	(1.77)	18.08
EPVIX	0.87	(0.01)	(0.03)	0.05	1.42	(0.89)	1.52	(1.94)	8.07
DNINX	0.62	0.04	0.03	0.12	0.80	(0.62)	1.13	(1.21)	3.42
ACTIX	0.14	(0.01)	(0.35)	(0.03)	0.14	(0.20)	0.31	(0.31)	0.82
TPVIX	0.77	(0.07)	0.00	0.48	0.00	0.00	1.58	(1.69)	7.09
WAMFX	0.64	(0.15)	0.00	(0.09)	0.00	0.00	1.14	(1.29)	9.43
TASCX	0.71	(0.03)	(0.04)	0.04	0.86	(0.80)	1.63	(1.82)	4.19
ATESX	0.58	(0.08)	0.00	(0.03)	0.00	0.00	1.00	(1.64)	4.07
SCUIX	0.99	(0.14)	0.00	(0.11)	0.00	0.00	1.76	(2.00)	14.01

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC